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Tuesday, 11 November 2014

Sembcorp Marine: 11 November 2014, Tuesday, 9.22pm Singapore Time

Sembcorp Marine: 11 November 2014, Tuesday, 9.22pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the Technical Analysis of Sembcorp Marine. 
Refer to all points in the chart above.

It has broken down the triple supports of $3.95, $3.88 and $3.76 respectively, a warning which I had previously cautioned severely before it happened. 

Refer to the points above where I had issued the warnings.

Sembcorp Marine will proceed to break down MULTI-YEAR LOWS as per warned previously at the end of 2013 and during the start of 2014.

It is also what I meant by many stocks and equities investors, especially those vested in oil and energy related stocks, will bleed and suffer significant wealth destruction in their investment portfolios and unit trusts.

If people had been calling you to load stocks and equities, you must had ignored all my warnings which were well intended because your risks of downside is always far far worse than any upside, if any. Main trend is down; main trend is not up, as warned live in end 2013.

Donovan Norfolk Ang Technical Rating:
High Bearishness

Long Term (1-2 years):
To break down $2.50 Support in 2015

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